BOE.AX vs. TQQQ

Last updated Jul 21, 2026

BOE.AX (Boss Energy Limited) is a stock, while TQQQ (ProShares UltraPro QQQ) is Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Over the past 10 years, BOE.AX returned 12.87%/yr vs 41.49%/yr for TQQQ. At a 0.04 correlation, their price movements are largely independent.

Performance

BOE.AX vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Boss Energy Limited (BOE.AX) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BOE.AX is traded in AUD, while TQQQ is traded in USD. To make them comparable, the TQQQ values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, BOE.AX achieves a -15.99% return, which is significantly lower than TQQQ's 22.73% return. Over the past 10 years, BOE.AX has underperformed TQQQ with an annualized return of 12.87%, while TQQQ has yielded a comparatively higher 41.49% annualized return.

BOE.AX

• 1D: -0.40%
• 1M: 3.78%
• 6M: -31.39%
• YTD: -15.99%
• 1Y: -67.24%
• 3Y*: -25.19%
• 5Y*: 0.58%
• 10Y*: 12.87%
• ALL TIME*: -1.47%

TQQQ

• 1D: -0.14%
• 1M: -18.04%
• 6M: 19.69%
• YTD: 22.73%
• 1Y: 45.84%
• 3Y*: 46.60%
• 5Y*: 18.17%
• 10Y*: 41.49%
• ALL TIME*: 44.92%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BOE.AX vs. TQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BOE.AX Boss Energy Limited	-15.99%	-39.51%	-39.70%	89.20%	-5.33%	186.99%	88.46%	-11.86%	22.92%	-15.79%
TQQQ ProShares UltraPro QQQ	22.73%	24.60%	74.19%	198.27%	-77.71%	93.71%	91.61%	134.92%	-11.19%	101.45%

Correlation

The correlation between BOE.AX and TQQQ is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.05
Correlation (10Y) Calculated over the trailing 10-year period	0.06
Correlation (All Time) Calculated using the full available price history since Feb 11, 2010	0.04

Return for Risk

BOE.AX vs. TQQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BOE.AX

BOE.AX Risk / Return Rank: 13
BOE.AX Sharpe Ratio Rank: 12
BOE.AX Sortino Ratio Rank: 14
BOE.AX Omega Ratio Rank: 13
BOE.AX Calmar Ratio Rank: 8
BOE.AX Martin Ratio Rank: 19

TQQQ

TQQQ Risk / Return Rank: 38
TQQQ Sharpe Ratio Rank: 37
TQQQ Sortino Ratio Rank: 38
TQQQ Omega Ratio Rank: 38
TQQQ Calmar Ratio Rank: 39
TQQQ Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BOE.AX vs. TQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Boss Energy Limited (BOE.AX) and ProShares UltraPro QQQ (TQQQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BOE.AX	TQQQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.75	0.89	-1.64
Sortino ratio: Return per unit of downside risk	-0.96	1.40	-2.36
Omega ratio: Gain probability vs. loss probability	0.87	1.18	-0.31
Calmar ratio: Return relative to maximum drawdown	-0.90	1.17	-2.07
Martin ratio: Return relative to average drawdown	-1.14	3.26	-4.41

BOE.AX vs. TQQQ - Sharpe Ratio Comparison

The current BOE.AX Sharpe Ratio is -0.75, which is lower than the TQQQ Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of BOE.AX and TQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BOE.AX vs. TQQQ - Drawdown Comparison

The maximum BOE.AX drawdown since its inception was -99.00%, which is greater than TQQQ's maximum drawdown of -80.30%. Use the drawdown chart below to compare losses from any high point for BOE.AX and TQQQ.

Drawdown Indicators

	BOE.AX	TQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-99.00%	-80.30%	-18.70%
Max Drawdown (1Y) Largest decline over 1 year	-74.04%	-39.51%	-34.53%
Max Drawdown (3Y) Largest decline over 3 years	-83.47%	-55.15%	-28.32%
Max Drawdown (5Y) Largest decline over 5 years	-83.47%	-80.30%	-3.17%
Max Drawdown (10Y) Largest decline over 10 years	-83.47%	-80.30%	-3.17%
Current Drawdown Current decline from peak	-79.79%	-20.31%	-59.48%
Average Drawdown Average peak-to-trough decline	-69.42%	-17.91%	-51.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.30%	14.08%	+12.22%

Volatility

BOE.AX vs. TQQQ - Volatility Comparison

Boss Energy Limited (BOE.AX) has a higher volatility of 25.87% compared to ProShares UltraPro QQQ (TQQQ) at 20.71%. This indicates that BOE.AX's price experiences larger fluctuations and is considered to be riskier than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BOE.AX	TQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.87%	20.71%	+5.16%
Volatility (6M) Calculated over the trailing 6-month period	54.58%	42.70%	+11.88%
Volatility (1Y) Calculated over the trailing 1-year period	89.15%	51.78%	+37.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.07%	63.40%	+8.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.06%	63.11%	+9.95%

Dividends

BOE.AX vs. TQQQ - Dividend Comparison

BOE.AX has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 0.56%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BOE.AX Boss Energy Limited	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TQQQ ProShares UltraPro QQQ	0.56%	0.65%	1.27%	1.26%	0.57%	0.00%	0.00%	0.06%	0.11%	0.00%	0.00%	0.01%

Frequently Asked Questions

Can I hold both BOE.AX and TQQQ in my portfolio?

BOE.AX and TQQQ have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.